A new survey conducted by Environics survey conducted for the Canadian Union of Public Employees shows that proposals to expand the Canada Pension Plan (CPP) are far more popular than the latest government plans for a new private-sector option.
According to the survey, 76% of respondents support increasing CPP benefits and 51% oppose the current approach federal approach to delay CPP reform in favour of a private pooled pension plan.
Federal Finance Minister Jim Flaherty originally supported the idea of increasing premiums over time to pay for higher CPP benefits. However, in December he made an about face and announced that there wasn’t enough provincial support and instead a new pooled pension plan arrangement would be made, putting changes to CPP on the backburner.
The survey of 1,001 Canadians was conducted between Jan. 6 and Jan. 11. It has an error margin of plus/minus 3.2%, 19 out of 20.
Related links
Teachers’ voices pension reform, CPP opinions
CFIB urges ministers to look at alternatives to CPP increases
Flaherty calls for pooled registered pension plans